Saturday, May 30th, steady rebound after bottoming out, bulls gathering strength to advance



Overnight, BTC found support at the key level of 72,500, stopping its decline, then rebounded to around 74,200 before facing resistance, currently back near 73,500. Yesterday, the strategy was to go long at 72,700-72,500, aiming for 74,000, which was perfectly achieved. The market is consolidating with reduced volume, sentiment of caution is gradually fading, buying interest at low levels is emerging, showing signs of stabilization and recovery, and bulls are beginning to prepare for a counterattack.

The daily bearish momentum continues to weaken, with short-term indicators improving upward. The support zone at 72,500-73,000 is very solid, serving as the current bottom defense line; short-term resistance is at 74,200-74,500. Once a volume breakout occurs above this level, the upward space will further open, indicating a bullish overall trend. The main approach is to buy on dips.

On Saturday morning, my personal view is to buy in stages on dips around 72,900-72,500, with stops below 72,500. The first target is 74,200; after breaking through, look toward 74,800-75,000. Be patient and wait for the rebound to continue; if the support levels are broken, add positions accordingly.
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